Utah Statutes
§ 70A-2a-208 — Modification, rescission, and waiver.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-2a Uniform Commercial Code - Leases·Part 70A-2a-2 Statute of Frauds, Seal, Offers, Warranties, Insurance
(1)An agreement modifying a lease contract needs no consideration to be binding.
(2)A signed lease agreement that excludes modification or rescission except by a signed writing may not be otherwise modified or rescinded.
(3)Although an attempt at modification or rescission does not satisfy the requirements of Subsection (2), it may operate as a waiver.
(4)A party who has made a waiver affecting an executory portion of a lease contract may retract the waiver by reasonable notification received by the other party that strict performance will be required of any term waived, unless the retraction would be unjust in view of a material change of position in reliance on the waiver.
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Related
Sine Enterprises, Inc., a Utah Corporation, and Wesley Sine v. Jaguar Credit Corporation, a Delaware Corporation
139 F.3d 912 (Tenth Circuit, 1998)
Sine Enterprises v. Jaguar Credit
(Tenth Circuit, 1998)
Legislative History
Enacted by Chapter 197, 1990 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.